Amarium Technologies, Inc. (OTCMKTS:AMMG) With a Positive Close of The Week
The positive news and the recent paid promotion of Amarium Technologies, Inc. (OTCMKTS:AMMG) couldn’t hold the company’s stock from crumbling. Friday’s session, however, ended well as the ticker managed to recover some of its value.
Last week was full of disappointments for anyone who thought of making a long-term investment in the stock of AMMG. In just 4 trade sessions the ticker had lost a whopping 63% of its value despite the optimistic PR and the $4500 promotional campaign led by FinancialNewsMedia.
It seemed that all the touting of the company couldn’t contain the damage from the massive dumping of stock that was most evident in Thursday’s session, when AMMG lost a hefty 46% in value. What added to the dumping were the press releases that lack solid information on the company operations.
As we wrote in our previous article about AMMG, the dumping and loss in price doesn’t come as a surprise due to the lack of more precise information on recent development. To this moment we have no way to measure the claimed success of the mine, because there is no information on the initial expectations and the increase of production that the company is reporting.
Despite that, AMMG managed to close the week optimistically, with a 33.33% gain in value, at $0.26 per share. The day started with a spike in volume, which pushed the price as low as $0.17, but the ticker quickly recovered. The volume that was recorded in the end of the day was quite big with a total of 1.5 million shares that had switched hands, generating a trade value of $365 thousand
Even though Autumn is at our door, the air around AMMG‘s stock is sizzling hot as the ticker can sway in both directions, depending on the news. A new round of paid promotional emails won’t come unexpected either.
All in all AMMG is one of the riskiest stocks out there and we would advise you to stay away if you don’t want to loose some money. If you are looking for a speculative play, however, be sure to do your due diligence and weigh out the risks. Also, be prepared to take losses.
Another stock that anyone looking for some adrenaline might be interested in is that of NanoTech Entertainment, Inc. (OTCMKTS:NTEK). The ticker has been going up and down recently and closed Friday’s session in the red despite the optimistic PR. On the other hand Titan Pharmaceuticals, Inc. (OTCBB:TTNP) seems to be gathering momentum in an upward direction and is reaching for the $1 per share mark.